$257,500
4 Beds
2 Baths
2,638 sqft (on 0.94 acres)
5531 Prospect Ln, Lerna, IL 62440
Currently Off Market - Sold Oct 25, 2013 for $129,900
Home Value
Trulia Estimate
$258KSince last month
Decreased$4K (-1.6%)Since last year
Decreased$6K (-2.3%)Since last sale
Increased$128K (+98.8%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +80% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| August 2026 | $258K |
| August 2026 | $258K |
| July 2026 | $262K |
| June 2026 | $258K |
| May 2026 | $273K |
| April 2026 | $258K |
| March 2026 | $261K |
| February 2026 | $255K |
| January 2026 | $255K |
2025 | |
2024 | |
2023 | |
2022 | |
2021 | |
2020 | |
2019 | |
2018 | |
2017 | |
2016 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
1.07 | Single-Family Home | $293,000 | 03/05/26 | 3 | 2 | 1,970 | |
1.30 | Single-Family Home | $400,000 | 03/05/26 | 3 | 2.5 | 2,086 | |
1.47 | Single-Family Home | $220,000 | 07/13/26 | 2 | 2 | 1,720 | |
1.90 | Single-Family Home | $167,000 | 05/28/26 | 4 | 2 | 1,750 | |
1.16 | Single-Family Home | $573,460 | 04/30/26 | 3 | 4.5 | 3,683 | |
2.28 | Single-Family Home | $389,900 | 09/19/25 | 4 | 2.5 | 3,104 | |
2.56 | Single-Family Home | $180,000 | 09/11/25 | 3 | 2 | 2,115 | |
2.59 | Single-Family Home | $255,000 | 10/17/25 | 3 | 2 | 1,634 | |
0.50 | Single-Family Home | $80,000 | 05/18/26 | - | - | ||
2.72 | Single-Family Home | $155,000 | 11/24/25 | 3 | 2 | 2,616 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.20 | - | 4 | 4 | 1,700 | Off Market | |
0.30 | $289,600 | 3 | 2 | 2,016 | Off Market | |
0.51 | $415,000 | 5 | 3 | 3,179 | For Sale | |
0.86 | $31,900 | - | - | - | Recently Sold | |
0.93 | $32,000 | - | - | - | For Sale | |
0.95 | - | - | - | - | Off Market | |
0.98 | $314,500 | 2 | 3 | 1,957 | Off Market | |
0.99 | $563,900 | 4 | 3.5 | 4,926 | Off Market | |
0.99 | $150,000 | - | - | - | Recently Sold | |
1.07 | $293,000 | 3 | 2 | 1,970 | Recently Sold | |
1.12 | $487,000 | 5 | 3.5 | 3,321 | For Sale | |
1.13 | $275,600 | 3 | 2.5 | 1,582 | Off Market |
Local Information
- Map ViewExplore the area around 5531 Prospect Ln.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
Home Highlights
Property Type
Single-Family Home
Lot Size
0.94 acres
Living Area
2,638 sqft
Price/Sqft
$98
About this House
This single-family home is located at 5531 Prospect Ln, Lerna, IL. 5531 Prospect Ln is in Lerna, IL and in ZIP code 62440. This property has 4 bedrooms, 2 bathrooms and approximately 2,638 sqft of floor space. This property has a lot size of 0.94 acres.
5531 Prospect Ln, Lerna, IL 62440 is a 4 bedroom, 2 bathroom, 2,638 sqft single-family home. It last sold for $129,900 on Oct 25, 2013. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $257,500, with a rent estimate of $2,059/month.
Home Details for 5531 Prospect Ln
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Exterior Home Features Roof: Other |
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Property Type / Style Property Type: Single Family HomeArchitecture: Other |
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Lot Area: 0.94 acres |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Oct 25, 2013 Source: CIBR #4217851 | Sold | $129,900 |
Sep 9, 2013 Source: Agent Provided | PriceChange | $134,900 Price decreased by 10% |
May 22, 2013 Source: Agent Provided | PriceChange | $149,900 Price decreased by 6% |
Mar 5, 2013 Source: Agent Provided | Listed For Sale | $159,900 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2024 | $3,392 | $171,096 |
Home facts updated by county records
Market trends in Lerna
Last updated July 2026
Avg. sale price
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Sale-to-List Price
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Available listings
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Around this home
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Frequently asked questions about 5531 Prospect Ln
- What is 5531 Prospect Ln estimated to be worth?Trulia's estimated value for 5531 Prospect Ln in Lerna, IL is $257,500.
- What is the price history for 5531 Prospect Ln?5531 Prospect Ln in Lerna, IL last sold for $129,900 in October 2013.
- Is Lerna a buyer's or seller's market?Lerna is currently a seller's market, based on recent for-sale activity.
- What are the closest schools to 5531 Prospect Ln?The closest schools to 5531 Prospect Ln in Lerna, IL are Arland D Williams Jr Elementary School (rated 6/10), Mattoon High School (rated 6/10), Mattoon Middle School (rated 6/10).
- How big is the lot at 5531 Prospect Ln?The lot at 5531 Prospect Ln in Lerna, IL is about 0.94 acres (40,946 sq ft).
Apartments for Rent
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